MONETA VOL 21 MONETA VOL 21 | Page 21

Moneta Issue No: 21 July 2017 By SN Panigrahi, GST Consultant-Expert As per Sec 9. (1) Of CGST Act, 2017, GST is levied and collected and tax shall be paid by the Taxable Person Recommendations of the Council and collected in such manner as may be prescribed and shall be paid by the Taxable Person. Sec 9. (1) 0f CGST Act: Subject to the provisions of sub-section (2), there shall be levied a tax called the central goods and services tax on all intra-State supplies of goods or services or both, except on the supply of alcoholic liquor for human consumption, on the value determined under section 15 and at such rates, not exceeding twenty per cent., as may be notified by the Government on the Who is a Taxable Person? Sec 2(107) of CGST Act : “Taxable Person” means a person who is registered or liable to be registered under section 22 or section 24; Persons Liable for Registration Sec 22. (1) of CGST Act : Every supplier shall be liable to be 19